Cards Marked As Mps Criticise Greedy Lenders; More Banks and Credit Card Providers to Be Questioned for 'Irresponsible' Lending, Writes Teresa Hunter
Sunday Herald › October 26, 2004
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Summary
Members of parliament and banks are preparing themselves for a stormy meeting of the Treasury Select Committee on Tuesday, after last week's showdown over the suicide of a disabled young man, who took his own life after becoming trapped by (pounds) 15,000 credit card and other loans.
Three banks, Capital One, HBOS and Lloyds TSB, were taken to task for irresponsible lending, and were also accused of encouraging young people to get into debt that they are unable to handle, a problem first raised by the Sunday Herald.See the full content of this document
Extract
Cards Marked As Mps Criticise Greedy Lenders; More Banks and Credit Card Providers to Be Questioned for 'Irresponsible' Lending, Writes Teresa Hunter
On Tuesday, Royal Bank of Scotland, MBNA and Barclaycard will be quizzed by the committee. Barclaycard is one of three lenders to have advanced money to 21-year-old Scott Smith, a seasonal Norfolk worker, who was deaf and described as "vulnerable".
Edinburgh-based HBOS is another lender...See the full content of this document
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